2024 NIO to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NIO to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NIO to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 15, valuing the pair at 448.9411. Conversely, the yearly low was recorded on September 28, dropping to 411.0014.
This high-to-low spread represents a total annual volatility of 37.9397 IDR. From a start-to-finish perspective, comparing the January average rate of 426.2222 to the December average rate of 436.7691, the exchange rate registered a net change of 2.47% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 448.9411 was up 3.03% compared to the 2023 peak of 435.7457, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NIO to IDR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 433.0797, compared to 429.6169 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.4627 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 23.9551 IDR (High: 442.4660 / Low: 418.5109). On the other end, February was the most stable month, with a tight range of 6.5733 IDR (High: 429.9081 / Low: 423.3347).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 13.2476 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 444.6694) against the same month in 2023 (average: 408.8845), the exchange rate shifted by +35.7849 (+8.75%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 431.8989 | 419.3149 | 426.2222 |
| February | 429.9081 | 423.3347 | 425.9007 |
| March | 432.3920 | 421.7609 | 427.3157 |
| April | 444.0866 | 431.8624 | 437.5918 |
| May | 442.3156 | 432.7028 | 436.7784 |
| June | 448.9411 | 440.0207 | 444.6694 |
| July | 445.4903 | 437.5021 | 441.5590 |
| August | 442.4660 | 418.5109 | 428.3114 |
| September | 422.7287 | 411.0014 | 416.5920 |
| October | 428.5851 | 415.6674 | 423.9226 |
| November | 434.8120 | 423.3735 | 430.5475 |
| December | 443.8337 | 430.5419 | 436.7691 |